Light & Wonder
LNW was delisted on the 12th of November, 2025.
287 hedge funds and large institutions have $5.66B invested in Light & Wonder in 2024 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 85 increasing their positions, 108 reducing their positions, and 45 closing their positions.
69% more call options, than puts
Call options by funds: $30.9M | Put options by funds: $18.3M
29% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 45
4% more funds holding
Funds holding: 277 → 287 (+10)
3.38% less ownership
Funds ownership: 73.67% → 70.29% (-3.4%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
19% less capital invested
Capital invested by funds: $6.96B → $5.66B (-$1.31B)
21% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 108
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
+$122M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$71.4M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$49.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$34M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$29.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$138M |
| 2 |
N
Natixis
Paris,
France
|
-$113M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$66.3M |
| 4 |
Morgan Stanley
New York
|
-$40.2M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$39.4M |
LNW Hedge Fund Activity: Q3 2024 in Review
287 of the 6,969 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q3 2024, worth a combined $5.66B — down 19% from $6.96B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new LNW positions and 45 closed out — a net gain of 13 holders — while 85 added to existing stakes and 108 trimmed.
The largest buyer was Caledonia Investments (Australia), adding an estimated $122M. The largest seller was Goldman Sachs, cutting an estimated $138M.
- 287 institutional investors held Light & Wonder (LNW) as of Q3 2024, up from 277 in Q2 2024.
- Funds reported $5.66B of Light & Wonder stock for Q3 2024, down 19% quarter-over-quarter.
- 58 funds opened new Light & Wonder positions in Q3 2024 and 45 closed out, a net change of +13 holders.
- The largest Light & Wonder buyer in Q3 2024 was Caledonia Investments (Australia), an estimated $122M added.
- The largest Light & Wonder seller in Q3 2024 was Goldman Sachs, an estimated $138M sold.
Based on aggregated 13F filings for Q3 2024.